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Reuters

Jul 31, 2022, 3:59 AM

Indian Oil Minister Says Oil At $110 A Barrel Not Sustainable

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable

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  Reuters | Jul 31, 2022

  Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban

  Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.

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  Reuters | Jul 31, 2022

  Oil Rises On Tight Supplies; Trade Choppy On Demand Worries

  Brent crude rose 26 cents to settle at $122.27 a barrel. U.S. West Texas Intermediate crude rose 26 cents to settle at $120.93 a barrel. Trade was volatile, with prices down about $3 a barrel earlier.

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  Reuters | Jul 31, 2022

  Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand

  Investors have been paring positions in risky assets as they assess whether inflation-fighting central banks could push the world economy into recession with higher interest rates.

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  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Russian grades accounted for about 16.5% of India's overall oil imports in May

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  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Brent futures gained $1.06, or 0.9%, to settle at $120.57 a barrel, its highest since May 31. U.S. West Texas Intermediate (WTI) crude gained 91 cents, or 0.8%, to $119.4.

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  Reuters | Jul 31, 2022

  Oil Swings Higher As Tight Supplies Overshadow Demand Destruction

  Oil prices swung higher in volatile trading, as traders focused on tight supplies over slowing global economic growth.

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  Reuters | Jul 31, 2022

  Oil Ticks Higher On Strong Demand, Tight Supply

  Oil prices edged up on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.

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  car&bike Team | Jul 31, 2022

  Taiwan's Foxconn Raises Full-Year Outlook On Strong Tech Demand

  Taiwan's Foxconn, the world's largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation.

  2 mins read